Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:12.
An amortized loan is made at a nominal interest rate i(2) = 6%. The loan is paid
off in 30 level semi-annual payments of $1,000. How much principal was paid off in the 10th
раyment?
(A) $537.55
(B) $547.55
(C) $557.55
(D) $567.55
(E) $577.55
(F) $597.55
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